Sammontana sells Lizzi to Vandemoortele
Deal News | Feb 14, 2025 | Finance Community IT - 1 Corporate M&A
Sammontana Italia has agreed to sell its entire stake in Lizzi, a Milan-based bakery product provider, to the Belgian food group Vandemoortele. The transaction follows the AGCM's directives after Sammontana's recent partnership with Frozen Investments and Forno d'Asolo. Vandemoortele, which is a prominent player in the frozen bakery sector, intends to leverage Lizzi's strong market presence and diverse product portfolio to enhance its offerings. Consultancy firms including Oppenheimer, DSP Corporate Advisory, and Rabobank advised Vandemoortele on the M&A process, with legal and financial counsel provided by Baker McKenzie and Deloitte respectively. This strategic acquisition signifies a critical growth phase for Vandemoortele, aligning Lizzi's product innovation with its sustainability-focused operations.
Sectors
- Food and Beverage
- Private Equity & Investment
Geography
- Italy – The selling company, Sammontana Italia, and the target company, Lizzi, are based in Italy.
- Belgium – The acquiring company, Vandemoortele, is based in Belgium and is expanding its operations through this acquisition.
Industry
- Food and Beverage – The article discusses the acquisition of Lizzi, a company specializing in bakery products, by the food group Vandemoortele.
- Private Equity & Investment – Sammontana's partnership with Frozen Investments, an investment company associated with Investindustrial VIII, plays a role in this transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sammontana Italia | Selling Company | Company | An Italian food company involved in the sale of Lizzi to Vandemoortele. |
| Lizzi | Target Company | Company | A Milan-based company specializing in bakery products, sold to Vandemoortele. |
| Vandemoortele | Bidding Company | Company | A Belgian food group acquiring Lizzi from Sammontana Italia. |
| Oppenheimer | M&A Advisor | Company | Advised Vandemoortele on the acquisition of Lizzi. |
| DSP Corporate Advisory | M&A Advisor | Company | Provided M&A advisor services to Vandemoortele in the acquisition. |
| Rabobank | M&A Advisor | Company | Acted as an M&A advisor for Vandemoortele during the deal. |
| Baker McKenzie | Legal Advisor | Company | Provided legal advisory services for Vandemoortele in the acquisition of Lizzi. |
| Deloitte | Financial Advisor | Company | Offered financial advice to Vandemoortele in the transaction. |
| PwC | Tax Advisor | Company | Provided tax counsel for Vandemoortele in this acquisition. |
| Frozen Investments | Investment Company Partner | Company | A partner of Sammontana through Investindustrial VIII. |